Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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Official Trump ($TRUMP) soars 13% as meme issuer eyes Republic acquisition

  • Fight Fight Fight LLC is reportedly planning to purchase Republic’s US operations.
  • The deal might enrich the meme’s utility in payment apps and startup fundraising.
  • $TRUMP traders are enjoying profits amidst the rebound.

Bearish sentiments gripped the cryptocurrency market today as Bitcoin plunged below $110,000.

While the 2% decline in global market capitalisation confirms broader weakness, the Official Trump meme token maintained a bullish 24-hour chart.

The meme crypto extended its weekly gains to over 40% after rallying 13% the previous day.

$TRUMP continued its rally after news emerged that the company behind the project, Fight Fight Fight LLC, plans to acquire the US operations of a leading crowdfunding and investment platform, Republic.

The news stirred the digital assets community, propelling the politically charged altcoin over the last 24 hours.

What started as a satirical token tied to the US president could be evolving into a financial product that experiments with the combination of real-world finance, blockchain fundraising, and politics.

Notably, Republic offers retail and institutional investors streamlined access to startup fundraising, RWAs, and tokenised investments.

Integrating Official Trump into Republic’s ecosystem could merge meme crypto enthusiasm and real-world blockchain use cases.

Imagine investing in a themed token that funds startups, backs innovative ventures, or even supports online payments.

$TRUMP eyes real-world utility with the Republic deal

If successful, the strategic acquisition would enable Fight Fight Fight LLC to control Republic’s robust crowdfunding ecosystem.

The meme coin will possibly leverage Republic’s reputation to gain legitimacy and credibility.

Such perks can attract more investors and partnerships.

Republic’s role in fueling blockchain adoption

Republic has been vital in supporting cryptocurrency’s mainstream acceptance.

It focuses on inclusive investment models and tokenisation, allowing individuals to own fractions of real-world assets previously restricted to wealthy investors and venture capitalists.

Now, Fight Fight Fight LLC wants to gain control of Republic’s operations in the United States.

Besides boosted exposure, the deal could mean access to a regulatory ecosystem, a significant user base, and a bridge between fast-moving meme culture and traditional finance.

$TRUMP price outlook

The digital asset is trading at $8.20 after a brief correction from daily peaks.

Its daily trading volume has increased by more than 35% to $2.6 billion.

Rising volumes amid bullish price actions signal trader optimism and possibilities of continued rallies.

$TRUMP has gained over 41% the previous week, and bulls seem ready to push for more.

Moreover, prevailing whale activity suggests confidence in $TRUMP’s performance.

For instance, one trader is dominating Hyperliquid and Solana platforms with substantial bets on the meme token.

According to Lookonchain, this participant spent 5,346 Solana tokens, worth around $1.07 million, to buy 165,401 TRUMP coins on the SOL blockchain.

He entered at roughly $6.45, and is now cheering approximately $335,000 unrealized profit.

The same investor deposited $485,669 in USDC into the perp DEX Hyperliquid.

Here, the player used maximum leverage for a $9.5 million long position.

As of this writing, the trader sat on roughly $1.18 million in unrealized gains, bringing his total returns to $1.5 million.

The latest whale activity paints an optimistic picture for Official Trump in the near term.

Corporate expansion developments and the excitement around the alt as Donald Trump discusses a trade deal with China’s Xi Jinping has formed a mix of momentum and hype.

 

The post Official Trump ($TRUMP) soars 13% as meme issuer eyes Republic acquisition appeared first on CoinJournal.

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Injective (INJ) completes its first community buyback worth $32 million

  • The L1 project burns over 6.7M tokens in its first community buyback.
  • The initiative aims to reward active network participants.
  • Another buyback is slated for November, strengthening Injective’s deflationary mechanism.
Injective has taken it to X to confirm the completion of its first community-led token buyback, which started on October 23, marking a key step in the L1’s deflationary model.

The team revealed that the event burned 6.78 million INJ coins, worth roughly $32.28 million.

The strategic initiative sets Injective apart from most blockchain projects, making asset buybacks a community-driven event.

Rather than the foundation or team repurchasing tokens and burning them privately, Injective prioritizes user participation.

The layer 1 network creates a system that merges deflation with community incentives.

Such an approach ensures that active network participants benefit from Injective’s ecosystem expansion, aligning rewards between INJ holders, traders, and developers.

The announcement read:

Injective is the only chain where token buybacks directly reward the community.

Notably, Injective opened the first community buyback event for the public on October 23, with the actual repurchase and token burn occurring after a week, on October 27.

Injective’s unique buyback strategy

Injective’s community buyback mechanism adopts two powerful yet simple ways.

First and foremost, the platform permanently burns native tokens to reduce the overall supply.

Secondly, it distributes some of the value to reward users who contribute to the INJ’s ecosystem.

According to the official blog:

The Community BuyBack is a monthly on-chain event that allows anyone to take part in Injective’s deflationary mechanism. Participants commit INJ, and in return receive a pro rata share of the revenue generated across the Injective ecosystem. The INJ exchanged is then permanently burned, reducing the total supply of INJ.

Notably, the Community BuyBack basket comprises various tokens, including USDT and INJ, valued at 10,000 Injective tokens.

That design introduces a robust deflationary model, while incentivizing loyal users.

Injective maintains transparency, with all buyback information available on the dashboard.

Adopting a deflationary economy with a twist

Injective’s latest announcement is part of its broader mission to build a community-centered, sustainable token economy.

By burning native tokens every month, the project aims to reduce INJ inflation while encouraging long-term holding.

Most projects across the decentralized finance sector are embracing such mechanisms.

However, Injective has added a significant twist, involving its users in the process.

Besides strengthening trust, such an approach keeps INJ holders engaged in the ecosystem’s growth.

Also, holders will benefit from scarcity as every buyback reduces the circulating asset supply permanently.

The next burn will happen next month, in November.

INJ price outlook

The native token remained relatively muted over the past 24 hours, as bears moved the broader market.

INJ is trading at $8.66. It has consolidated between $9 and $8 over the previous week, gaining over 3% in that timeframe.

Its daily trading volume has increased by 17%, signaling renewed optimism, likely following the buyback announcement.

Nevertheless, broad market sentiments will influence the altcoin’s price trajectory in the coming sessions.

The post Injective (INJ) completes its first community buyback worth $32 million appeared first on CoinJournal.

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Ethereum Foundation launches institutional portal to boost enterprise adoption

  • “Ethereum for Institutions” helps businesses integrate with the Ether ecosystem.
  • The new platform showcases Ethereum’s role in DeFi, L2 scaling, and RWAs.
  • ETH eyes rebounds as whales accumulate.

The Ethereum Foundation has announced a new website, Ethereum for Institutions, designed to guide businesses on how to operate on-chain.

Unveiled today, October 29, the site aims to supercharge Ethereum adoption among top companies.

The official announcement reads:

Ethereum is the neutral, secure base layer where the world’s financial value is coming on-chain. Today, we’re launching a new site for the builders, leaders, and institutions advancing this global movement.

The foundations Enterprise Acceleration team created the new website to present a clear framework for firms interested in building and investing in the second-largest cryptocurrency.

Ethereum for Institutions offers case studies, resources, and access to industry leaders shaping the next phase of DeFi.

Scaling Ethereum for enterprise utility

Scalability has been among the primary challenges in Ethereum’s push for institutional-grade adoption.

Meanwhile, its L2 ecosystem, comprising projects like Arbitrum, zkSync, Base, and Optimism, is addressing that.

The foundation revealed that Layer2s secure more than $50 billion in value. The team said:

With $50B+ in total value secured, L2s provide the high-throughput, low-cost execution needed for global-scale applications – from payments to tokenization.

These platforms have gained traction for offering low costs and high throughput essential for enterprise-level utility, including real-world assets tokenization, trading, and payments.

Notably, the new website features a comprehensive L2 segment showcasing how these solutions are enabling cheaper and faster transactions while leveraging Ethereum’s robust security.

Layer 2 platforms offer the infrastructure for businesses navigating decentralized finance, stablecoins, or tokenization.

Ethereum transforms the on-chain economy

Ethereum’s new institutional website is beyond a documentation hub. It welcomes the next phase of digital finance.

It lowers entry barriers for traditional institutional navigating on-chain finance by organizing data around key sectors like DeFi, staking, restaking networks, RWAs, and DeFi.

It builds on the Ethereum vision, serving as a neutral, composable, and public infrastructure that supports financial innovation.

The blockchain continues to merge TradFi and DeFi, leveraging an ecosystem of thriving developers, high-end privacy tools, and scalability through L2 platforms.

With more institutions embracing blockchain through ETFs and digital assets strategies, Ethereum’s institutional portal offers a lucrative entry point.

The website connects global businesses with the foundation blocks of the digital economy.

ETH price outlook: whales are buying

The largest altcoin by market value is trading at $3,971 following an over 3% decline in the past 24 hours.

Its bearish trajectory mirrors the broader sector.

CoinMarketcap data shows the value of all digital currencies declined by 3% the previous 24 hours to $3.76 trillion.

Nevertheless, Lookonchain data shows large-scale investors are buying the dip.

Bitime’s new wallets have received 33,948 ETH tokens, worth approximately $135 million, from Falcon X today.

That reveals conviction in Ethereum’s possible rebounds in the coming sessions.

The post Ethereum Foundation launches institutional portal to boost enterprise adoption appeared first on CoinJournal.

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PancakeSwap taps Ondo to integrate real-world assets (RWAs) on BNB Chain

  • The DEX has signed a strategic collaboration with Ondo Finance.
  • BNB Chain users can access over 100 tokenized US stocks and ETFs from today.
  • PancakeSwap has offered zero trading fees for the first month.

PancakeSwap has teamed up with Ondo Finance to bring over 100 tokenized stocks and exchange-traded funds into the BNB Chain.

Starting today, users on the Binance platform can buy or sell digital representations of top US bonds, stocks, and ETFs, all pegged 1:1 to the underlying securities.

According to Ondo Finance CEO Nathan Allman:

Expanding Ondo Global Markets to BNB Chain allows us to bring tokenized US stocks and ETFs to millions of users across Asia, Latin America, and other geographies, in an environment that is fast, cost-efficient, and highly interoperable. This is a major step toward making US markets globally accessible through blockchain technology.

PancakeSwap will waive trading fees for the first 30 days to celebrate Ondo Global Markets integration.

That gives the DeFi community a cost-free way to navigate tokenized traditional assets on the Binance ecosystem.

On-chain finance hits a key milestone

The alliance is part of Ondo’s mission to leverage blockchain technology to allow access to high-quality US monetary assets, including real estate and stocks.

Now, BNB Chain’s over 3.4 million daily users and the vast DeFi ecosystem can enjoy Ondo’s offerings.

Further, PancakeSwap promises user-friendliness, self-custody, and transparency.

The integration welcomes a new era for the Binance community, bridging decentralized finance with traditional markets.

BNB Chain’s thriving user base can now access high-net tokenized US securities.

The Chain’s Head of Business Development, Sarah Song, commented:

Real-world assets are one of the fastest-growing segments on BNB Chain, and having Ondo Finance join our ecosystem is another strong validation of that momentum. Together, we’re expanding access to high-quality financial assets and driving the next wave of adoption that connects traditional markets with blockchain technology.

Understanding PancakeSwap’s role

PancakeSwap is the leading DEX on BNB Chain. It will serve as the strategic launch partner supporting trading of the tokenized assets.

The decentralized exchange enables users to trade Ondo’s tokenized securities through a familiar interface, promising a remarkable experience for new and existing DeFi players.

Moreover, PancakeSwap announced a zero-fee campaign between October 29 and November 29.

Ondo will leverage PancakeSwap’s massive user base and liquidity pools to ensure streamlined market activity and price discovery for tokenization enthusiasts on the BNB Chain.

CAKE and ONDO price actions

The native tokens mirrored the broader market performance, exhibiting bearish biases on their daily timeframes.

CAKE lost nearly 5% in the past 24 hours to $2.55, whereas a 2% dip in that timeframe sees ONDO exchanging hands at $0.7364.

Bearish sentiments dominate the broader sector as the global cryptocurrency market cap plunged 1.5% the past day to $3.8 trillion.

The post PancakeSwap taps Ondo to integrate real-world assets (RWAs) on BNB Chain appeared first on CoinJournal.

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Aerodrome price surges 10% after Animoca Brands announces strategic investment

  • Aerodrome Finance price eyes breakout above $1.
  • This comes after Animoca Brands announced it market-acquired and staked AERO tokens.
  • Market sentiment and the institutional confidence may propel Aerodrome Finance price to $1.34.

Aerodrome Finance (AERO) price is up amid bullish momentum.

The token gained as web3 and gaming investor Animoca Brands makes a strategic investment, a move that helped AERO price extend 24-hours to over 10% and briefly surpass the $1 mark.

The Animoca Brands’ backing of Aerodrome Finance adds to the growing institutional interest in the decentralized exchange project on Base.

Animoca Brands acquires, stakes AERO

Animoca Brands announced its acquisition of AERO tokens on October 28, noting it made purchases on the open market. The company then staked all of these tokens for veAERO, demonstrating long-term commitment to Aerodrome Finance.

Buying and staking AERO aligns with Animoca’s mission to generate value in open networks and support innovative protocols.

As noted in the post above, the company sees Aerodrome as a dominant player on Base. With more than 50% of the DEX total value locked (TVL) on the blockchain, Aerodrome has become the central liquidity hub for the ecosystem.

“Aerodrome is a key component in the engine behind Base’s DeFi growth and Coinbase is making it seamless for its CEX users to trade tokens which have liquidity on DEXs such as Aerodrome thus driving more value to Aerodrome voters. With sustainable tokenomics for $AERO and the team’s ability to execute, Aerodrome has proven its standing as a key player in Base infrastructure,” Animoca Brands posted on X.

The investment follows a pattern of institutional backing for Aerodrome, including previous acquisitions by entities like Coinbase Ventures and Wintermute Ventures.

Alexander Cutler, CEO of Dromos Labs and a core contributor to Aerodrome, lauded Animoca’s move. He noted that AERO’s value is accessible only through open market participation and active involvement.

Price outlook: AERO bulls eye breakout above $1

At the time of writing, AERO is up nearly 2% on the day and has extended the uptick to 10% in the past 24 hours.

Over the past week, AERO has climbed 26%. This sees it outperform the broader market gains and form an uptrend since touching lows of $0.70 on Oct. 17.

Currently, price hovers in a key range near $0.99 as bulls aim for a decisive breakout above the $1 psychological level.

AERO price chart by TradingView

If AERO strengthens above $1, it would allow bulls to target the next hurdles around $1.2 and then $1.34.

The RSI at 70 on the 4-hour chart nonetheless suggests gains will firmly push AERO into the overbought zone. However, the MACD points to strength for buyers as the signal line cuts above the zero line, suggesting bullish momentum.

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